NOT LISTED FOR SALE

4280 Fredericks Ave Memphis, TN 38111

Colonial Acres Neighborhood

Estimated Value: $196,000 - $213,933

3 Beds
2 Baths
1,600-1,799 Sq Ft
$114/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $192,390 $107 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,137/month

Highlights

  • Updated Kitchen
  • Some Wood Windows
  • Living Room
  • Traditional Architecture
  • Brick Veneer
  • Tile Flooring

About This Home

As of October 2022

Great investment opportunity! This CASHFLOW property will be fully renovated and brought to 2022 standards! Target rent = $1350 and professional property management is in place! This brick home features Hard surface floors, updated kitchen and bathrooms, newer working HVAC, and much more!

Last Agent to Sell the Property

Jim Reedy

Reedy & Company, REALTORS License #15602 Listed on: 09/27/2022

Last Buyer's Agent

Bradley Reedy

Reedy & Company, REALTORS License #325132

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 60x112
  • Few Trees

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Slab Foundation
  • Composition Shingle Roof

Interior Spaces

  • 1,600-1,799 Sq Ft Home
  • 1,664 Sq Ft Home
  • 1-Story Property
  • Some Wood Windows
  • Living Room
  • Dining Room
  • Iron Doors
  • Updated Kitchen

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • Park Acres Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 058144 00021

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Detached Single Family
  • Style: Traditional
  • Detached Unit Type: General Residential
  • MAAR Subdivision Name: PARK ACRES
  • List Price Per Sq Ft: 116
  • Number Of Stories: 1
  • Prop Construction Status: Existing Property
  • Estimated Sq Ft: 1664
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • First Story Floor Plan: Living Room, Dining Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 2 or More Baths
  • Additional Bedroom Bathroom Info: All Bedrooms Down
  • Estimated Heated Sq Ft Range: 1600-1799
  • Bedroom 2 Description: Level 1
  • Bedroom 3 Description: Level 1
  • Bedrooms: 3
  • Bedrooms Down: 3
  • Floors/Ceilings: Wood Laminate Floors, Tile
  • Full Bathrooms: 2
  • Living Dining Kitchen: Updated/Renovated Kitchen
  • P R I M A R Y B E D R O O M: Level 1

Exterior Features

  • Misc Exterior: Wrought Iron Security Drs
  • Exterior Windows: Brick Veneer, Wood/Composition
  • Foundation: Slab
  • Roof: Composition Shingles

Garage/Parking

  • Number Covered Parking Spaces: 1
  • Parking Display: 1
  • Parking Storage: Driveway/Pad

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Sewer: Public Water, Public Sewer

Lot Info

  • Lot Description: Some Trees
  • Lot Number: 142
  • Acreage: 0.15
  • Lot Size: 60X112

Tax Info

  • Assessor Parcel Number: 058144 00021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Oct 26, 2022
Sold by
Memphis Investment Properties Iii Llc
Bought by
Lietz Family Trust
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$192,390
Sold Price
$192,390
Current Estimated Value
$204,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,093
Avg. Annual Appreciation
1.89%
Original Mortgage
$144,292
Outstanding Balance
$138,662
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$65,821

Purchase Details

Listed on
Sep 27, 2022
Closed on
Sep 1, 2022
Sold by
Mclaughlin Jack E
Bought by
Memphis Investment Properties Iii Llc
Seller's Agent
Jim Reedy
Reedy & Company, REALTORS
Buyer's Agent
Bradley Reedy
Reedy & Company, REALTORS
List Price
$192,390
Sold Price
$192,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,292
Outstanding Balance
$138,662
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$65,821

Purchase Details

Listed on
May 12, 2017
Closed on
Jun 23, 2017
Sold by
Steward Jessica J
Bought by
Mclaughlin Jack E
Seller's Agent
Robert Roe
Groome & Co.
Buyer's Agent
Carol Dupree
Crye-Leike, Inc., REALTORS
List Price
$91,500
Sold Price
$91,000
Premium/Discount to List
-$500
-0.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%
Original Mortgage
$89,351
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 2007
Sold by
Bridger Frank and Higgins Lester
Bought by
Steward Jessica J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2005
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bridges Frank and Higgins Lester

Purchase Details

Closed on
Mar 28, 2005
Sold by
Castillo German
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 16, 2000
Sold by
Palmer Robert E and Palmer Betty H
Bought by
Castillo German

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,115
Interest Rate
7.94%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lietz Family Trust $192,390 Delta Title Services
Memphis Investment Properties Iii Llc $115,000 Delta Title Services
Mclaughlin Jack E $91,000 Reality Title
Steward Jessica J $104,000 None Available
Bridges Frank $60,000 Associates Closing & Title
Federal Home Loan Mortgage Corporation $80,289 --
Castillo German $79,500 --
Castillo German $79,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lietz Family Trust $144,292
Previous Owner Memphis Investment Properties Iii Llc $158,000
Previous Owner Mclaughlin Jack E $89,351
Previous Owner Steward Jessica J $104,000
Previous Owner Castillo German $77,115
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2022 10/28/22 Sold $192,390 0.0% $120 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $192,390 +111.4% $120 / Sq Ft
06/23/2017 06/23/17 Sold $91,000 -0.5% $51 / Sq Ft View Prior Sale
05/16/2017 05/16/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $91,500 -- $51 / Sq Ft
Source: Memphis Area Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $870 $57,125 $5,000 $52,125
2024 $870 $25,650 $2,800 $22,850
2023 $1,563 $25,650 $2,800 $22,850
2022 $1,563 $25,650 $2,800 $22,850
2021 $885 $25,650 $2,800 $22,850
2019 $702 $21,975 $2,550 $19,425
2018 $702 $21,975 $2,550 $19,425
2017 $596 $18,225 $2,550 $15,675
2016 $860 $19,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Reedy

    Seller's Agent in 2022

    Jim Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    8 in this area

    330 Total Sales

    Jim Reedy
    Section Image

  • B

    Buyer's Agent in 2022

    Bradley Reedy

    Reedy & Company, REALTORS

    (901) 842-0805

    8 in this area

    345 Total Sales

    Bradley Reedy
    Section Image

  • R

    Seller's Agent in 2017

    Robert Roe

    Groome & Co.

    Section Image
  • Carol Dupree

    Buyer's Agent in 2017

    Carol Dupree

    Crye-Leike

    (901) 428-8417

    1 in this area

    15 Total Sales

    Carol Dupree
    Section Image
See All Agents

Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10134426

Memphis Area Association of REALTORS®

APN: 05-8144-0-0021

Tennessee Shelby County Memphis 38111 Colonial Acres

4280 Fredericks Ave, Memphis, TN

Not Listed for Sale

Detached

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